Sunday, May 16, 2010

Stock | NYT outlook dims as E.U. bank fears build

After falling nearly 3% on Friday, NYT Co. shares resume trading tomorrow morning as fear in the financial markets is building again -- this time over worries Europe's biggest banks face strains that will hobble European economies.

"Bourses and bank shares in Europe plunged on Friday because of these fears," The New York Times says, with Wall Street following suit.

Shares were also down in Tokyo and Australia in early trading on Monday. Hong Kong's Hang Seng Index fell 2.1% to 19,732.12, MarketWatch is reporting, falling back below the psychologically important 20,000 level; the Hang Seng China Enterprises Index lost 2.9% to 11,254.22.

Related: the Dow Jones Industrial Average, and the S&P 500 Index

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